Crypto news

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Bitget’s partnership with KoinX offers automated syncing and detailed tax reports for users. The collaboration improves security and compliance also making it easier to manage crypto investments. As tax season approaches, crypto investors often encounter the tricky task of minimizing their tax liabilities. To solve this, Bitget has formed a strategic unity with KoinX, a market leader in cryptocurrency tax reporting solutions. This collaboration intends to improve the user experience by...

Investors in Avalanche (AVAX) and Polygon (MATIC) have faced significant setbacks, seeing their values plummet by 50%. This sharp decline has left many questioning the prospects of these once-promising assets, as whales attention shifts toward ETFSwap (ETFS). As its competitors struggle, savvy investors, particularly large-scale “whales,” are now eyeing ETFSwap (ETFS) as the next ample opportunity, hoping to achieve 100x returns. ETFSwap (ETFS): DeFi Game-Changer With Tokenized ETFs,...

The bankrupt cryptocurrency lender Celsius Network has released its first status report on creditor distributions, revealing that affected parties have received over $2.53 billion in liquid crypto and cash. According to a filing with the United States Bankruptcy Court for the Southern District of New York, the $2.53 billion in crypto and cash was distributed to more than 251,000 creditors at prices set on January 16, 2024. Celsius is in the process of repaying other creditors...

Bitcoin mining firm Rhodium Enterprises has filed for voluntary bankruptcy under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas. Detailed in the filing made on August 24, the company’s problem shows that the company has debts between $50 million and $100 million and total assets of between $100 million and $500 million. The bankruptcy filing also includes six subsidiaries: Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW, and Rhodium...

Litecoin’s value has plummeted by 36% since peaking on April 1st. The crypto asset hasn’t been generating much buzz on social forums either, as per latest data. Meanwhile, a certain cohort of small LTC holders have been quietly exiting the market. However, this has ignited interest in a potential bullish reversal shortly. According to Santiment’s findings, there has been a sudden liquidation of 45.2k net wallets holding between 0.1-1 LTC which suggests that small traders are...

India’s CBDC has attracted 5 million users and 16 banks. The RBI is in no rush to launch a full-scale CBDC program yet. India’s CBDC program has onboarded at least 5 million users and witnesses participation from 16 banks, revealed Shantikanta Das, the Governor of the Reserve Bank of India, the country’s central bank. In his talk on Monday in the Indian city of Bengaluru, Das mentioned the magnitude the program has grown to, but made the RBI’s stance on taking it slow clear. “It is important...

Maker, one of the first and largest DeFi lending protocols on Ethereum, has rebranded to “Sky” following key upgrades to its decentralized stablecoin system. That stablecoin, previously known as DAI, has also rebranded to USDS, and the MKR governance token has been changed to SKY. From MKR to SKY: What’s New? As announced over Twitter on Tuesday, SKY is an “upgraded version” of MKR obtainable by supplying USDS token to the Sky protocol through Sky.money. 1 DAI can be...

[PRESS RELEASE – Singapore, Singapore, August 28th, 2024] The decentralized derivatives trading platform ELFi Protocol has recently launched a liquidation subsidy program. Prior to September 15th, 2024, 0:00 UTC, users who conduct contract trading on the ELFi Protocol and accumulate a trading volume of no less than 1,000 USDC equivalent will be eligible to receive a maximum of 100 USDC as a subsidy for their first-time liquidation losses. This subsidy program will be...